TANZANIAN authorities have agreed to a proposed deferral of a two-well drilling commitment over the Nyuni Area production sharing agreement, oil and gas company Aminex has told its shareholders.
The program, which was due to be completed by the end of October 2015, has now been extended to October 2019.
The deferral is conditional on an Environmental Impact Assessment, which has commenced, and the eventual acquisition of 3D seismic data in the deep water which will be subject to completion of a tendering process, the company said.
Aminex chief executive officer, Jay Bhattacherjee said Aminex was grateful for the support of the Tanzanian authorities in varying its work program, saying it would enable exploration on the deep water sector of the licence.
“With significant gas discoveries made offshore Tanzania in the last few years, new 3D seismic over Nyuni Area should enable Aminex and its partners to unlock the potential of the licence and allow the company to continue to focus primarily on its stated strategy of production and development through Kiliwani North 1 and Ruvuma respectively,” he said.
The Nyuni Area licence covers onshore, transition zone, offshore continental shelf and deep water acreage.
Previous exploration on the licence area has focused on the shelf and included the Kiliwani North 1 gas discovery, which is due to start commercial production into new gas infrastructure in the first half of the year, Aminex said.